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AGTA ePrism
March 4, 2009
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840 Pound Emerald Lands in Court
from The New York Times
Just before Christmas, detectives from the Los Angeles County Sheriff's Department pried open a crate outside a warehouse to find something they had been chasing for months: an 840-pound Brazilian emerald that had been reported stolen. Now, if they could just figure out who owns it. So far, at least five people have come forward to say it's theirs. "It seems like the more we talk to people, the more people claim to have ownership over this thing," said Lt. Thomas Grubb, who heads the sheriff's investigative team on the case. "We haven't determined who's not a suspect, really." More

A. Kleiman and Company

AGTA Passes New Constitution and Bylaws
from AGTA
The American Gem Trade Association (AGTA) announced that a new constitution and set of by-laws has been voted on and approved by the membership. “There was a need to streamline the constitution and establish a set of by-laws to help the organization run more efficiently,” said Douglas K. Hucker, AGTA CEO. “With these governing documents in place, the AGTA will be a more dynamic entity, better equipped to react in this ever-changing business environment.” More

Jewelry Shopping Guide: All About Statements
from Elle UK
From dainty chains to chunky cocktail rings, jewelry is well and truly back on the fashion radar. Check here for your essential insiders guide to the hot new brands that you need to know about and the pieces that are top of our fashion hit list for spring. More

Kimberly Collines Colored Gems

JVC, JBT to Present Memo Trading Seminar at MJSA Expo
from Rapaport
The Jewelers Vigilance Committee (JVC) and The Jewelers Board of Trade (JBT) will present “The Basics of Memo Transaction - The Dos and Don’ts of Trading on Memo” at the MJSA Expo on March 9, 2009. The event will take place at Jacob Javits Convention Center in New York City from 3:45 p.m. to 5 p.m. at the rear of Hall C. Those who attend will receive a copy of “The Essential Guide to ‘Memo’ Transactions,” a new publication in JVC's series of guides on legal compliance in the jewelry industry, which addresses consignment agreements and ways to protect your business in an event of bankruptcy, among other topics. More

Never Too Old For Glamour
from The Daily Mail
Should you wear shoulder grazers when you are the far side of 30? Absolutely: statement jewelry looks best (not to mention real - you might actually be able to afford it) worn with a measure of confident maturity. At the Oscars, the success of Angelina Jolie’s red-carpet look hung on the size of the huge emeralds dangling from her ears. More

Milan Fashion Week: Marni Sparkles
from The Los Angeles Times All The Rage Blog
In a season when flourescent color is passing for luxury, Consuelo Castiglioni's Marni collection was a sparkling, metallic delight. There was also real jewelry, lots of it -- extraordinary bib necklaces with gold-dipped flowers and flakes of emerald and amethyst. They'll cost a pretty penny, but the J. Crew versions should be pretty nice too. More

Pearls for Girls

Collectors Universe Exits Jewelry Business
from RTT News
Collectors Universe, Inc., said Monday it has decided to exit the business of authenticating and grading diamonds and colored gemstones, effective immediately, as the company is unlikely to achieve its goals in the jewelry business due to the current economic conditions. The company incurred impairment charges with respect to its jewelry businesses at June 30, 2008 and again at Dec. 31, 2008. And the future seems uncertain. More

Christopher Kane Unveils Designs for Versace’s Versus Line
from Catwalk Queen
Christopher Kane has collaborated with his mentor, Donatella Versace, on the re-launch of the Versus accessories line. The British designer has designed a capsule collection of handbags, footwear and jewelry, which was unveiled at Milan Fashion Week yesterday. Originally begun by Donatella's late brother, Gianni Versace, in 1989, Kane has referred to his work as "tough and glamour, effervescent and rock 'n' roll." More

Sapphires: Market Effect of Origin & Treatments, Pricing & Disclosure
By: Richard B. Drucker, GG
Publisher of the GemGuide

Considering the historic and pricing hierarchy of origin, the sapphire order is as follows: 1) Kashmir; 2) Yogo; 3) Burma (unheated); 4) Sri Lanka, Madagascar and others. While conducting our research at Gemworld, we found several similar stones between 3.00 and 3.99 carats. All would be classified as fine to extra fine. More


Crown Jewels Repo Demand
from Luxist
Tushar Gandhi, the great-grandson of the Indian independence leader, has asked Britain to return the Koh-i-noor diamond to India. The Koh-i-Noor is a 105-carat diamond which was presented to Queen Victoria in 1850 (and later received a paring down from 186 carats to its current weight in order to make it appear more brilliant). The stone is mounted in a crown which was worn by the Queen Mother and was on top of her coffin when she died in 2002 and is now in the Tower of London. More

Jeweler Leaves Macy’s Stores
from The St. Louis Business Journal
Finlay Enterprises, an international jeweler, said it will close all of its department store operations, including those at Macy’s Inc., due to liquidity problems. The India-based chain said it will focus on its specialty jewelry stores, which include Bailey Banks & Biddle. That said, it has pegged 40 of its specialty stores for closure as well, according to a recent company release. Finlay in December warned investors that it might have to reduce operations because the U.S. recession had compromised its cash position. Compounding its problems was a notice by Macy’s that it would not renew license agreements at 93 stores that expired Jan. 31. Finlay generated 52 percent of its department store sales from Cincinnati-based Macy’s. More

A.B.C. Gems

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